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Thursday, November 28, 2013

Adria’s numbers improve

Adria’s passenger numbers recover after five years

Adria Airways is on track to record its first annual growth in passenger numbers since 2008. The Slovenian national carrier handled 808.370 passengers during the first ten months of the year, a 2% increase compared to the same period last year. The result comes despite a 6% drop in flights. The airline’s average cabin load factor stood at 73.5%, an increase of five points on the same period in 2012. July, August and September proved to be Adria’s busiest months of the year with the airline handling 359.943 passengers. In August alone the Slovenian carrier saw its passenger numbers soar 17% while its average cabin load factor amounted to 81%.

More importantly, Adria recorded 700.000 euros in operating profit, an improvement of almost seven million euros compared to last year when it saw a 6.1 million euro loss. Its improved financial performance comes on the top of a 6.7% reduction in costs. Over the past few years the airline has undergone severe cost cutting measures which has seen it reduce its route network, fleet and passenger numbers but has ultimately improved its finances.

Adria has officially confirmed it has sold some of its property to Ljubljana Airport in an effort to offload unnecessary assets and raise capital. The contract involves a 2.357 square meter hangar, a 2.773 square metre apron and several workshops covering an area of 1.668 square metres. The price of the deal has not been disclosed. Several other assets, including its office building, flight school and a flight simulator, are still up for sale as there have been no interested buyers. Questions have been raised whether Adria’s latest deal with Ljubljana Airport is in breach of European Union competition laws since both companies are state owned. The European Commission is already investigating Adria for the sale of its maintenance division to Ljubljana Airport in 2011. However, Adria says the sale has been carried out in line with regulations.

Meanwhile, the tender for the expression of interest in Croatia Airlines came to an end at midnight. While the results are unlikely to be known for some time it is believed there has been little to no interest in the carrier, which could be a sign of things to come for Adria as it too plans to kick off its privatisation process soon.

Are you dreaming?Any serious investor working on the market base not based purely on cheating, showing/hiding data to look nicer than it iswill never by this crapand all the mafia structure coming with it.

It' monkey business for potential mafia style investors only.Sorry but true.Just wait and witness for yourself.

FRESH NEWS: No offer has been received for acquisition of Croatian air carrier. http://www.jutarnji.hr/nitko-ne-zeli-49-posto-dionica-croatia-airlinesa/1142956/Now it is very clear that there has not been any use of spinning, such as "big players are interested in ..", "profit recorded in 2013", "bright perspectives" and alike. Regards

Adria management and Government should very carefully analyze development of the privatization of Croatian Airlines (high hopes, spinning, creative accounting and fiasco!) and draw conclusions. Just for remainder: It is impossible to cheat all people all the time.

I did not post this comment, and it is not true that Adria and Croatia will start talks about merging.

Consequences? None. Minster embarrass himself, country and national company, CEO is happy as he was not for that plan and he find himself as only possible man to save CTN, Croatia will spend 100 million EUR on restructuration. And CTN will stay Lufthansa slave, even bigger than before. Future: CTN will become Croatian Dolomiti, perhaps they should thing to change name to Velebit Air, or Sljeme Air.

ADRIA Flying Frankfurt-Tirana Direct Flights starting summer of 2013, KUDOS Adria! They know the Adriatic coast has much Potential for Growth in the future, KUDOS ADRIA for taking the Lead as a frequent traveller to Rinas I know you are the Preffered airline by many in Albania!!

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LIVERY OF THE WEEK

Jetstar special

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Australian low cost carrier Jetstar has unveiled a special livery on one of its Airbus A320s to promote the first country-specific version of the board game Scrabble. Manufacturer Mattel has included a list of local slang in its official glossary that are also featured on the jet, including words such as "Bonza", "Mollydooker" and "Devo". The A320 also includes the airline's name spelled out with Scrabble tiles. The jet is being used on both domestic and international routes and features Scrabble branding inside the cabin as well

GLOBAL AVIATION NEWS

Lufthansa, easyJet favourites for Air Berlin

Lufthansa Group and UK-based easyJet have been selected as preferred bidders for the main assets of the insolvent Air Berlin, the German carrier has confirmed. Lufthansa also submitted a bid for Air Berlin's Austria-based subsidiary Niki, which could be integrated into its LCC arm Eurowings. Air Berlin administrator Lucas Flother had planned to keep these decisions confidential until September 25, after Germany’s general elections. Air Berlin said in a statement that the creditors’ committee will continue talks with the two carriers until October 12 with the aim of selling Air Berlin's air transport assets. Talks with bidders interested in other assets will continue in parallel. Lufthansa Group CEO Carsten Spohr said at a media event in Frankfurt that Lufthansa’s bid for Air Berlin's assets is focused on securing the 38 Airbus A319/320s it wet leases from Air Berlin. The Star Alliance member is also interested in a further 20 to 40 aircraft, without creating antitrust concerns. Those 38 wet-leased aircraft carry about 1.000 passengers a day, mainly for LCC Eurowings, and Lufthansa’s priority is to keep that operation stable. Lufthansa would need around 3.000 new employees as it seeks to build market share following the exit of Air Berlin, which has 8.000 employees. However, Lufthansa is not interested in Air Berlin's long-haul routes because it said Eurowings can grow this segment on its own. Air Berlin will end long-haul operations September 25.
Source: ATW